In fact, it might be simplest to describe it as a loan provided by the broker to the investor. Internationally brokers are allowed to offer their services in the country. When you find a broker who offers the best of what has been described in the article you will be able to trust him and trade your money with focus and confidence which will ultimately help you to make money. There are definetly RBI monitoring same. The spot market is where I buy or sell currencies according to the current price — which is determined by the demand and supply for that particular currency. Now as with every other law this is bendable too. Different countries have different legislation and standards which are applied to forex brokers and their operations.
Top Forex Brokers in India for Forex Trading It does not really matter where you live in the world you are always going to find a large range of Forex Brokers who are going to be able to offer you a range of currency pairings and other Forex related trading opportunities.
What Are Forex Brokers
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Are there Forex brokers in India?
Mar 11, · The Reserve Bank of India and Securities Exchange Board of India regulate the forex trading in India. It is legal in India if the base currency is INR only, if the forex trade is taking place between two foreign currencies, it is illegal. The regulator is also responsible for Forex trading regulation in India. The thing is that trading currencies in India is not entirely legal. The only possibility of trading legally is to trade currency pairs that have Indian Rupee (INR) in the pair. Trading with SEBI Forex Brokers in India. India is the second most populous country in the world that is home to one of the largest group of working class people, who have an increased affinity towards investing in the several attractive opportunities available throughout the globe.